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2012 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 40: MASS MARKETING OF CASUALTY AND PROPERTY INSURANCE
24-A §2937. Disclosure required


24-A ME Rev Stat § 2937 (2012 through 125th Legis) What's This?

§2937. Disclosure required

Every insurer, agent or broker selling insurance pursuant to a mass marketing plan shall, prior to sale, make full and fair disclosure to prospective insureds of all features of such plan, whether favorable or unfavorable, including, but not limited to, the stability of the premium rates, benefits, duration of coverage, policyholder services, conversion privileges available, and the financial and interlocking interests in the plan, if any, of the sponsoring employer, association, organization or group. [1973, c. 625, §146 (NEW).]

SECTION HISTORY

1973, c. 625, §146 (NEW).

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